Profit Sharing
02-13-2020, 08:56 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Jun 2019
Position: Currently freeloading
Posts: 521
Profit Sharing
Can somebody help a FNG? I'm looking at my pay statement from the PS check, and it's not the same as the PS election tool and my own calculations say it should be. Somehow, the pre-tax pay is higher, but the take-home is lower. Is anyone else's different then they were expecting or is it just mine?
02-13-2020, 09:29 AM
#5
Gets Weekends Off
Thread Starter
Joined APC: Jun 2019
Position: Currently freeloading
Posts: 521
Originally Posted by TED74
Looks to me like they withheld 33%. Remember, this has nothing to do with or affect your actual tax liability.
02-13-2020, 09:41 AM
#7
Gets Weekends Off
Joined APC: Jul 2015
Position: MD-88 FO
Posts: 1,558
Originally Posted by PilotWombat
Yeah, I understand that. I guess my question isn't so much about the taxes/withholding, but rather, why is the pre-tax payment amount different than what the election tool said it would be?
02-13-2020, 10:19 AM
#8
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,706
They withhold 22% of the taxable amount of profit sharing, so it's being taxed as a bonus. Mine was right on. At the very bottom of your paycheck, there is a taxable amount. It shows how amount taxable and the amount taken out for taxes.
02-14-2020, 04:58 AM
#10
Banned
Joined APC: Jan 2019
Posts: 230
Thread
Thread Starter
Forum
Replies
Last Post
